Helicopter market Exploring Technological Innovations and Disruptions in the Market till 2031

The global helicopter market reached a size of US$ 51.5 billion in 2021 and is projected to grow to US$ 81.9 billion by 2030, with a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.

Request full Report Description, TOC, Table of Figure, Chart, etc : -https://reportocean.us/sample-request/report_id/QUDNTL10

Factors influencing the market include the demand for helicopters in in-service emergency medical (EMS), firefighting, and search and rescue (SAR) activities. The growing need for rotorcrafts in the oil and gas industry for offshore applications, as well as their use in legal compliance and public protection, are also contributing to market growth. Additionally, technological advancements in the defense sector and investments in the aerospace industry are driving the helicopter market. For example, Honeywell's introduction of the Aspire 200 satellite communications system for the Bell B429 helicopter showcases the focus on technological advancements.

The COVID-19 pandemic had a significant impact on the global helicopter market, with the automotive and travel industries being severely affected. Challenges related to raw material availability and workforce shortages further hampered market growth. However, the military sector remained resilient, supporting the demand for helicopters during the pandemic.

Download free sample of this report :-https://reportocean.us/sample-request/report_id/QUDNTL10

In terms of regional analysis, North America and Europe are expected to hold the largest market shares. The European market's growth is attributed to technological upgrades in the avionics segment, while the North American market is driven by the increasing range of recreational activities and the presence of prominent industry players. Strategic partnerships, such as the agreement between MD Helicopters, Inc. and the U.S. Army, provide logistical support for helicopter fleets, which will benefit the market.

Key competitors in the market include Russian Helicopters, JSC; Leonardo SPA; MD Helicopters, Inc.; Robinson Helicopter Company; Kawasaki Heavy Industries, Ltd.; Airbus SAS; Hindustan Aeronautics Limited (HAL); Lockheed Martin Corporation; Korea Aerospace Industries, Ltd.; Bell Helicopter Textron; Boeing Company, and other prominent players.

The market segmentation of the global helicopter market is based on type, application, and region. By type, helicopters are categorized as light, medium, heavy, and very large. The application segment includes civil & commercial and military sectors. Geographically, the market is segmented into North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Italy, Spain, and rest of Western and Eastern Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, ASEAN, and rest of Asia Pacific), the Middle East & Africa (UAE, Saudi Arabia, South Africa, and rest of MEA), and South America (Brazil, Argentina, and rest of South America).

Browse Premium Research Report with Tables and Figures : -https://reportocean.us/sample-request/report_id/QUDNTL10

About Report Ocean:

We are the best market research reports provider in the industry. Report Ocean is the world's leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.

Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel:+1 888 212 3539 (US - TOLL FREE)
Website: https://reportocean.us

This release was published on openPR.